Buy Pfizer, target price Rs 4620: Yes Securities

Yes Securities has buy call on Pfizer with a target price of Rs 4620. The current market price of Pfizer Ltd. is Rs 4382.95. Time period given by analyst is Intra Day when Pfizer Ltd. price can reach defined target.

Pfizer Ltd., incorporated in the year 1950, is a Large Cap company (having a market cap of Rs 20049.17 Crore) operating in Pharmaceuticals sector.

Pfizer Ltd. key Products/Revenue Segments include Pharmaceuticals, Sale of services and Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Standalone Total Income of Rs 694.16 Crore, up 6.58 % from last quarter Total Income of Rs 651.29 Crore and up 14.16 % from last year same quarter Total Income of Rs 608.06 Crore. Company reported net profit after tax of Rs 143.91 Crore in latest quarter.

Investment Rationale
The stock has taken support at the cluster of previous lows suggesting strong support area. Further, volumes have also been low in the recent correction which also suggests that downtrend has been arrested.

Promoter/FII Holdings
Promoters held 63.92 per cent stake in the company as of 31-Dec-2021, while FIIs owned 8.3 per cent, DIIs 8.85 per cent.